A Boston-based hedge fund called MFN Partners LP placed a major bet on Yellow Corp.'s stock and now owns a 25% stake in the company, according to the Securities and Exchange Commission. Yellow is expected to file for bankruptcy soon.
Based on provided tips and posts to Reddit, it appears that Yellow is laying off the bulk of its non-union employees and preparing for an imminent bankruptcy filing. Company officials have not responded to requests for comment.
The numbers at UMB Bank and Commerce Bank have improved since the start of the year, but their stock prices continue to be punished by investors wary of potential risks in the overall banking sector. The twin failures of Silicon Valley Bank and Signature Bank triggered the panic.
Former Butler National CEO Clark Stewart, who quit in May, and his son Craig Stewart, who was terminated in January as the company's president of aerospace, both agreed to resign from the company's board.
The plaintiffs claim that the Leawood theater operator illegally shared personally identifiable information with Facebook each time they bought a ticket on AMC's website.